on Knaus Tabbert AG (isin : DE000A2YN504)
Knaus Tabbert AG Halts Production Until Year-End
Knaus Tabbert AG has announced a suspension of production at its sites in Jandelsbrunn, Germany, and Nagyoroszi, Hungary. The pause, starting November 18, 2024, will last until the end of the year. This decision aims to reduce production volumes to align dealer and company inventories with economically sustainable levels.
As a result of this strategic shift, the company anticipates a significant reduction in consolidated revenue for 2024, compared to the previously estimated EUR 1.3 billion. However, the adjusted EBITDA margin projection from October remains unchanged.
This development signifies a substantial change in Knaus Tabbert's manufacturing and inventory strategy, reflecting broader economic adjustments within the caravan and motorhome sector.
R. E.
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